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Apr 20, 2013
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and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at the markets, look at the coin shows. >> on the entire floor, we're expecting business in the tens of millions of dollars. >> reporter: at the santa clara county show in the heart of silicon valley, thousands came to buy and sell, mostly buy. >> you see more buying. people interested in buying. >> why? >> they're taking advantage of the dips. >> reporter: kerry is buying. he is a wholesaler whose firm has been involved with big auctions, including one for a rare coin which sold for a record $10 million. what kind of coin is it? >> a 1794 silver dollar. >> for $10
and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at...
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Apr 22, 2013
04/13
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caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> >> and finally my observation from what we migh
caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ]...
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Apr 18, 2013
04/13
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yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in your stocking. >> all right. but that's a stock picker's market you're describing. that's actually trying to discern which managements are doing a better job. >> yes with, as opposed to the futures dictating everything. we'll get to pepsico but it was a remarkable quarter. what can i tell you. versus -- coca-cola had a remarkable quarter, too. obviously consumer products have done very well. pepsico is not claiming raw costs going down because they're hedged. many companies could. buffalo wild wings. we don't talk about buffalo wild wings enough. it is kind of like tractor supply and ulta. buffalo
yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in...
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Apr 22, 2013
04/13
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caterpillar is lowering its full-year guidance and earlier on squawk box, caterpillar's ceo explains why he's feeling more confident now about the future. >> stability is the word right now and while nobody likes that feeling we're in, certainly it's better than it's been the last couple of years and that give meese a little bit better confidence going forward than i've had since 2011 or early 2011. >> to be clear, there are two areas they're warning about. one is obviously china and the mining experience is in the headlines there and also in the united states and they were worried about coming into the year and the reason why he's feeling more confident is because of the sustained housing recovery. >> inventories come way down, we know that and i think people have wondered with apple tomorrow night, can you discount in a miss? everybody in the world thinks apple will miss tomorrow and you can actually do that. the stock is down 19% year to date and this is a bad quarter and it's a bad miss and stocks not reacting violently to the down side. >> i know we have the j.p. morgan analyst,
caterpillar is lowering its full-year guidance and earlier on squawk box, caterpillar's ceo explains why he's feeling more confident now about the future. >> stability is the word right now and while nobody likes that feeling we're in, certainly it's better than it's been the last couple of years and that give meese a little bit better confidence going forward than i've had since 2011 or early 2011. >> to be clear, there are two areas they're warning about. one is obviously china...
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Apr 18, 2013
04/13
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but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to hear about is how the whole i.t. business is doing ex-pc. remember, 60% of their revenues are services, 20% is software. that's going to be the big story, and of course, we get google and microsoft as well. bill and michelle, back to you. >> bill, thank you very much. let's take a closer look at today's market moves here, michelle. >> in today's "closing bell" exchange, we have bill, joe tan tennis, and also warren myers, cnbc market analyst from dme securities. you saw those back and forth numbers that bill did at the top of the show here. it feels li
but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to...
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Apr 22, 2013
04/13
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and caterpillar is the indicator. profit was lower than expected, and demand for equipment and mining equipment dropped. not good news for the stock, but it is up a little bit, okay? $81, up 80 cents on caterpillar he, very interesting. you've got to look at gold prices. on the rise this morning. this brings in peter schiff. peter is the ultimate gold bug, doesn't mind calling him that. i want to know, peter, have you ever put out a sell on gold? >> no, i mean, i've been buying gold for 13 years or so. it's been in a bull market pretty much the entire time and i'm not a short-term trader so i don't give advice to futures traders or options traders. i'm telling people to buy gold and hold it as a hedge against inflation and money printing and you know, gold has been up for 12 consecutive years. it's entitled to a correction. it's incredible how the media has jumped all over this. i read an article that said that the advisors who had been negative on gold the entire time were now gloating and saying, "i told you so." we
and caterpillar is the indicator. profit was lower than expected, and demand for equipment and mining equipment dropped. not good news for the stock, but it is up a little bit, okay? $81, up 80 cents on caterpillar he, very interesting. you've got to look at gold prices. on the rise this morning. this brings in peter schiff. peter is the ultimate gold bug, doesn't mind calling him that. i want to know, peter, have you ever put out a sell on gold? >> no, i mean, i've been buying gold for...
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Apr 19, 2013
04/13
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they've got 110 employees here in china, making components companies sell to firms like caterpillar and honeywell. and the ceo says those rising costs may force him to eventually move out of shanghai. >> we're looking at different areas in china. shanghai has been high cost to manufacture, but that was where we initially went to, and all of our customers were in that area, but in the next five to seven years, i would say we'll definitely be somewhere further inland. >> reporter: take a look at how fast hourly wages have climbed here in china compared to india, mexico and the united states. meanwhile, china's currency, the rmb, has appreciated more than 25% over the last ten years. yo. now analysts believe the cost of manufacturing here in china will be equal to manufacturing in the u.s. within a couple of years. >> if you go back to 2005, it was pretty common for landed costs from china to be 25% to 30% less than the cost of manufacturing in the united states. based on our analysis, that gap -- about two-thirds of that gap has been closed. >> reporter: do rising costs here in china mean
they've got 110 employees here in china, making components companies sell to firms like caterpillar and honeywell. and the ceo says those rising costs may force him to eventually move out of shanghai. >> we're looking at different areas in china. shanghai has been high cost to manufacture, but that was where we initially went to, and all of our customers were in that area, but in the next five to seven years, i would say we'll definitely be somewhere further inland. >> reporter:...
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Apr 22, 2013
04/13
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- we have caterpillar, which, like ibm, like ge, that is going to be a global bellweather to take a look at. netflix, which everyone has taken notice of over the last three, four months, is going to be real interesting as well. and then, just really a broad, broad spectrum throughout the entire week. - thank you, scott. you have a good week. - same to you angie. under sequestration, a lot of government contracts are getting cut - tough for entrepreneurs who count on government business, but, as our cover story shows you, not as much for veterans who want to launch their own business. veterans, who already face an unemployment rate higher than the national average, are turning to start-ups. at the university of illinois at chicago, several hundred vets like rodney bonner showed up. his dream - to make homes that not just consume but also produce energy - needs guidance. "i have prototypes on the drawing board. i need help getting it to reality." illinois is hardly the only state helping vets not just fill but also create jobs. in fact, it's part of a trend. "nationally, there's a trend to
- we have caterpillar, which, like ibm, like ge, that is going to be a global bellweather to take a look at. netflix, which everyone has taken notice of over the last three, four months, is going to be real interesting as well. and then, just really a broad, broad spectrum throughout the entire week. - thank you, scott. you have a good week. - same to you angie. under sequestration, a lot of government contracts are getting cut - tough for entrepreneurs who count on government business, but, as...
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Apr 23, 2013
04/13
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morgan ups caterpillar today? >> this is a lowered expectations when it comes to caterpillar. it was a 12 multiple for you. i thought the sequester would make them miss and dupont, ag was great and coleman really delivered. she said there would be a lot of savings and my charitable trust had dupont and now they raised the dividend and you the good yield that people want so badly. to me, you're getting a sense of what this market upons. it has good yield and once dom effortic. look at target. target is up $is 1.50 from where it told you things were weak. how do you get that? >>. >> i don't know. >> how is coach up five? the shoes are obviously -- the consumer in the united states is feeling better. housing prices are upon. >> don't your instincts tell you this thing is starting to get played up? this theme and maybe i want to take a look like jeff said at microsoft. maybe i want to take a shot at the tech names that are beating things down and are cheap. >> how about the fact two analysts downgraded microsoft to a sell ahead of the quarter. >> >> that was obviously what i call
morgan ups caterpillar today? >> this is a lowered expectations when it comes to caterpillar. it was a 12 multiple for you. i thought the sequester would make them miss and dupont, ag was great and coleman really delivered. she said there would be a lot of savings and my charitable trust had dupont and now they raised the dividend and you the good yield that people want so badly. to me, you're getting a sense of what this market upons. it has good yield and once dom effortic. look at...
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Apr 19, 2013
04/13
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cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad. and i can't recommend selling into. let's go to joe in michigan. joe?! >> caller: hi, jim, your opinion on the cloud computing area, specifically, salesforce.com. >> now with a split, i think the stock will calm down and i recommend it. i think mark bettyoff is best in show. i know the stock's been rocky and tech's been bad, but i think it's a good stock. let's go to david in ohio. david? >> caller: yes, hello, jim. >> david. >> caller: a big boo-yah to you. >> the same. >> caller: i love your show, watch it every night. >> thank you. >> caller: cpb, campbell's soup. >> they have it together, and we buy campbell soup
cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad....
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Apr 23, 2013
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of course we had doug oberholman on caterpillar on yesterday. we're going to have to wait and see and dig in about what dupont is saying in china. >> he was interesting, though. he was talking about how they're actually, from his perspective, saying things seem to have stabilized in china. we'll see if ellen colman has the same to say. she'll be joining us to talk more about this. running through the details quickly. >> operating shares seem to be about 7% to 9%. a couple other things in here. q1 revenue webs $10.5 billion. okay. that's interesting because -- >> they're looking for full year -- i don't know if you guys have the earnings up. my machine is busted on this. but for the full year, they're looking for 385 to 405. can anybody tell me what they were expng f full year? >> i don't know what the full year is, but i just referenced agriculture the.that continues to be hot. the agriculture business was up 14% year over year. the weakness was in chemicals. that was expected. so chemicals down 17%. agriculture was up 14%. a lot of people don't
of course we had doug oberholman on caterpillar on yesterday. we're going to have to wait and see and dig in about what dupont is saying in china. >> he was interesting, though. he was talking about how they're actually, from his perspective, saying things seem to have stabilized in china. we'll see if ellen colman has the same to say. she'll be joining us to talk more about this. running through the details quickly. >> operating shares seem to be about 7% to 9%. a couple other...
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Apr 16, 2013
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. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you alluded to the etfs, the etfs did not act like -- they were driving gold and that's the tale. i didn't like that. >> watching that gld which is the largest by far was quite something yesterday. >> didn't you realize that all of those worries about the gld not being a real security when you go to the gold dealers? >> it did have that feeling which gets you wondering is there forced liquidation? >> let's not forget these are bought with leverage by certain funds and we don't have the answers right now. >> you even said this morning on twitter as someone who liquidating a client's position. >> i have
. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you...
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Apr 17, 2013
04/13
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speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i know you are the man of being able to figure out the calendar. tuesday is keeping its very good performance. >> yes. that was 14 consecutive tuesdays. who knows why? people like to make fun of it. they call it useless numerology. >> when the moon is in the seventh house and it's tuesday. i will point out that the reaction yesterday really gathered steam during the day, and i think the idea that the futures must always key off of europe, they were down at 415. it was nonsense. yes, europe is bad and the car sales are horrendous. if you're ford you have to deal with down 15% over there. look, is bank of am
speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i...
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Apr 24, 2013
04/13
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what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam going into 2014. our economy is going to be better this year. so i think this is where to be from here on out. >> finally, scott, i wonder -- you know, we haven't come up with a name for it yet. whatever happened yesterday. the 1% drop in the middle of the day because of a hacked tweet. are clients responding to that? do you think there will be a hesitance to get into the market? >> i started on the floor at the exchange in 1980. so over 30 plus years i can't tell you how many times headlines have come out on whatever news service and st tok market reacts violently like that. you can't avoid it.
what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam...